The Future of Lease Accounting
Recorded On: 03/14/2017
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In February of 2016, the Financial Accounting Standards Board (FASB) issued the long awaited new accounting standard for leases. The accounting for assets that companies lease is set to change in the next few years. The impact of these changes on balance sheets and income statements of contractors will be discussed during this webinar, including the impact on working capital, liquidity and leverage ratios and equity. These factors can directly affect surety and credit availability for contractors.
Timothy T. Wilson
National Industry Partner, BKD National Construction & Real Estate Group
Timothy T. Wilson is national industry partner for BKD National Construction & Real Estate Group. He has more than 30 years of experience performing audit, accounting, tax, and management consulting services in various industries. He assists clients in the areas of business and strategic planning, operational and control reviews, mergers, acquisitions and consolidations, financial forecasts, feasibility studies, valuations, business process improvements and audit and tax issues.
He serves on the NASBP CPA Advisory Council, CFMA Emerging Issues Task Force, AGC Financial Issues Committee, Kansas City Area Development Council Board of Directors, and Truman State University School of Business Advisory Board. He also co-chairs the AICPA Engineering and Construction Revenue Recognition Task Force.
Wilson is a Certified Construction Industry Financial Professional (CCIFP®) through The Institute of Certified Construction Industry Financial Professionals. He is a graduate of Truman State University, Kirksville, Missouri, with a B.S. degree in accounting.
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